Adani Group Stocks Witness a Remarkable Recovery

On a notable Tuesday, the Adani Group stocks experienced a significant uplift, with Adani Power leading the charge by surging an impressive 19.29%. This marked a strong recovery from the previous day's downturn. Other group entities also showcased substantial gains, including Adani Green Energy, which saw a 14.54% increase, Adani Energy Solutions (14.38%), Adani Total Gas (13%), and NDTV (12.50%) on the Bombay Stock Exchange (BSE).

Broad-Based Gains Across the Group

Adani Enterprises wasn't far behind, with its shares growing by 8.91%. Adani Ports and Ambuja Cements also posted gains of 6% and 4.79%, respectively. ACC, Sanghi Industries, and Adani Wilmar followed suit, with increases of 4.50%, 4.22%, and 3%, respectively. This widespread uplift comes after all Adani Group stocks had closed lower in Monday’s trade, amidst a weak trend in equities.

Market Indices Rebound

In a parallel development, the benchmark indices Sensex and Nifty also rebounded on Tuesday, following several days of decline. The BSE Sensex rose by 505.6 points to 76,835.61, while the NSE Nifty gained 179 points to reach 23,264.95, signaling a positive shift in market sentiment.